Word: pension
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...area of fierce contention in the regulatory debate is that of an independent Consumer Financial Protection Agency, but such an institution is vital. Complex financial products wrought destruction on everyone from pension fund-owners to everyday homeowners. An independent CFPA would regulate financial “innovations” such as clever securitization schemes and subprime mortgages that harm lower-income Americans and pension funds while risking the stability of the economy as a whole. The Senate bill currently has a CFPA under the purview of the Federal Reserve Bank, however the creation of an independent agency would give...
Criticism of the welfare state touches a raw nerve among Germans. They have jealously guarded social benefits since they were introduced by Otto von Bismarck, the "Iron Chancellor," in the 1880s. Bismarck's system - designed to win over workers and increase productivity - guaranteed every citizen social insurance, including a pension, national health insurance and disability benefits. Westerwelle thinks that should change, and is also pushing for lower taxes and a new simplified tax system. The opposition Social Democrats branded him a "sociopolitical arsonist" while the Greens warned that the welfare state would be pared back to a "social...
...thing straight: Europe is a remarkably good place to live. Many of the E.U.'s member states are among the richest in the world. Workers in Europe usually enjoy long vacations, generous maternity leave and comfortable pension schemes. Universal health insurance is seen as part of the basic social contract. Europe is politically stable, the most generous donor of development aid in the world. Sure, taxes can be high, but most Europeans seem happy to pay more to the state in return for a higher - and guaranteed - quality of life. "The E.U. offers an attractive social, economic and political model...
...Abramoff and forced out then Deputy Secretary of the Interior J. Steven Griles for obstructing his investigation. But IGs are not immune to accusations of partisan influence. Janet Rehnquist, the daughter of the late Supreme Court Justice William Rehnquist, was accused of partisan motivation when she delayed a Florida pension-fund audit at the request of Governor Jeb Bush's chief of staff...
...bright spot: a few big public projects on the horizon, including a floating bridge that will connect Seattle to its suburbs. "It's a mess," says Erlich in New England. "The private sector is dead. We're at the point where we are considering investing money from our pension fund in construction projects. We either need another stimulus focused on job creation or the banks must be directed to lend...